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you identify problems, the first line of defense needs to be regulatory and supervisory authorities. not only the fed, but other organizations like the occ and fdic have as well. you can address these problems using regulatory and supervisory authorities. there is a lot of disagreement about what role monetary policy plays in creating acid bubbles. it is not a settled issue. there's some people -- asset bubbles. it is not a settled issue. we need to be open-minded about it and pay attention to what is happening. the federal reserve was created about 100 years ago. 1913 was the law. not to do monitor policy, but to address financial panics -- monetary policy, but to address financial panics. it is a difficult task. going forward, the fed needs to think about financial stability and monetary economic stability as being the two key pillars of what the central bank tries to do. we will be using our regulatory, supervisory powers. if necessary, we will address monetary policy as well. i do not think that is the first line of defense. >> this question comes from twitter. since the fed dec
Search Results 0 to 0 of about 1